Toast (NYSE:TOST) CRO Jonathan Vassil Sells 14,280 Shares of Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 14,280 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $33.90, for a total value of $484,092.00. Following the completion of the sale, the executive owned 69,966 shares of the company’s stock, valued at approximately $2,371,847.40. This trade represents a 16.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jonathan Vassil also recently made the following trade(s):

• On Friday, August 21st, Jonathan Vassil sold 85,280 shares of Toast stock. The shares were sold at an average price of $36.34, for a total transaction of $3,099,075.20.
• On Wednesday, August 19th, Jonathan Vassil sold 13,931 shares of Toast stock. The shares were sold at an average price of $36.01, for a total transaction of $501,655.31.
• On Tuesday, August 11th, Jonathan Vassil sold 13,797 shares of Toast stock. The stock was sold at an average price of $36.01, for a total transaction of $496,829.97.
• On Wednesday, August 5th, Jonathan Vassil sold 4,700 shares of Toast stock. The shares were sold at an average price of $36.02, for a total value of $169,294.00.
• On Monday, August 3rd, Jonathan Vassil sold 14,280 shares of Toast stock. The stock was sold at an average price of $32.89, for a total value of $469,669.20.
• On Tuesday, July 7th, Jonathan Vassil sold 3,150 shares of Toast stock. The shares were sold at an average price of $30.03, for a total value of $94,594.50.
• On Thursday, July 2nd, Jonathan Vassil sold 6,647 shares of Toast stock. The stock was sold at an average price of $28.85, for a total value of $191,765.95.

Toast Trading Up 0.0%

TOST opened at $33.94 on Friday. Toast, Inc. has a 1-year low of $22.26 and a 1-year high of $42.15. The business has a 50 day moving average of $32.41 and a 200-day moving average of $28.54. The stock has a market capitalization of $17.45 billion, a price-to-earnings ratio of 43.51 and a beta of 1.72.

Toast (NYSE:TOST) last released its earnings results on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). Toast had a net margin of 7.14% and a return on equity of 23.90%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the company earned $0.13 earnings per share. Toast’s revenue for the quarter was up 23.1% compared to the same quarter last year. Equities analysts predict that Toast, Inc. will post 1 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on TOST. Wall Street Zen raised Toast from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. BNP Paribas Exane downgraded Toast from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $38.00 to $35.00 in a report on Wednesday. Truist Financial raised their price target on Toast from $33.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Mizuho reduced their price objective on Toast from $45.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. Finally, Sanford C. Bernstein increased their target price on Toast from $39.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.12.

Institutional Investors Weigh In On Toast

A number of institutional investors and hedge funds have recently modified their holdings of TOST. Arkfeld Wealth Strategies L.L.C. increased its stake in shares of Toast by 138.8% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 264,821 shares of the company’s stock valued at $7,807,000 after acquiring an additional 153,928 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Toast by 1,925.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 985,653 shares of the company’s stock worth $35,001,000 after purchasing an additional 936,987 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Toast by 47.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 970,799 shares of the company’s stock valued at $27,008,000 after buying an additional 312,077 shares during the period. Lavelle Capital LP bought a new stake in shares of Toast in the 1st quarter valued at $1,458,000. Finally, Geode Capital Management LLC increased its position in shares of Toast by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 8,675,056 shares of the company’s stock valued at $307,214,000 after buying an additional 169,230 shares in the last quarter. 82.91% of the stock is owned by institutional investors.

About Toast

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.